While the majority of Americans make resolutions, only half of them make it to the end of the month before they break their resolutions. The most popular resolutions made at the start of the new year revolve around dieting, exercising, and – you guessed it – finances. When making resolutions in general, one makes goals for either themselves, their business, or their family. Goal setting is also essential to financial planning, and resolutions help us reach our goals. So, when making your financial resolutions, it’s important to stick to these goals for the success of your family finances or your business finances.

Have you made financial resolutions for your family or business for 2019? If you have, you are definitely not alone, and you are probably researching how you can better commit to them. Well, look no further, because we have some great tips for you right here!

How You Can Keep Your Financial Resolutions in the New Year

Express Gratitude

Expressing gratitude in life creates a positive influence that overflows to many areas of our life, including our finances. Positive thinking has a powerful impact on our mindset, and when our mindset is positive, we are grateful. Being grateful for our finances, no matter how rich or poor we are, creates a mindset in which we are presently connected with our money and therefore able to make conscious decisions with it. Staying conscious of our financial resolutions will help us stick to them. Expressing gratitude for our finances will also curb the temptation to “keep up with the Joneses,” and help us stay satisfied with where we are.

Focus on What You Can Control

As cliché as it might sound, living in the moment can positively impact our financial decisions. Our new year’s resolutions address our future goals, but if we only focus on the future goals then we risk losing sight of the steps that we must take now to get to those future goals. Focusing on the existing decisions requires being both mentally and emotionally present with those financial decisions. In order to stay mentally and emotionally stable with our decisions, we should focus on the variables that we can control in relation to our finances (how much we save, for example) and pay less attention to the things that we cannot control (the new car the neighbor just brought home). Focusing on the controllable variables of our financial plan will help us accomplish more of what we can and worry less about what we cannot control.

Write It Out

Experts, ourselves included, recommend writing out the things in which we are grateful. Writing these things down further fashions the connection between our financial resolutions and the present. So, think about what you are grateful for and allow that list to serve as a daily reminder of not only the goals you have for yourself, your family, or your business, but also the present steps required to reach those goals.

The journey to financial independence is a long one, so every little thing you can do now to reach your goals is extremely helpful. Contact Ark Financial today and let’s make a plan for 2019 together!